Custom Duty
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Extended period wrongly invoked as bona fide classification not willful suppression
CBIC Revises Jurisdiction of Visakhapatnam Customs Commissioner
CESTAT Denied Refund as EC & SHEC Exemption Not Applicable to CVD on Imported Coal
Re-determination of assessable value without sufficient evidence of undervaluation cannot be sustained
Customs Notifies Revised Tariff Values for Gold, Silver & Edible Oils wef 14 March 2026
Imported Medical Imaging Printers was classifiable under CTH 9018 and not under CTH 8443 : Differential Customs Duty Demand was set aside
Video Conferencing Equipment Classified Under CTH 8517 as Communication Apparatus Due to Data Transmission Function
Reel Tracking Device classifiable as Radio Navigational Aid Due to GPS-Based Asset Tracking: CAAR Mumbai
CAAR Declines Advance Ruling on Related-Party Transaction Value Due to SVB Jurisdiction
Customs Notification Amended to Add SBER Bank in List 14 for Import Eligibility
DEPB benefit cannot be denied unilaterally by Customs Authority
Simplified Customs Procedure for Return of Export Cargo due to Strait of Hormuz Disruption
CBIC Waives Fee for Export Document Changes Due to Force Majeure
CESTAT Sets Aside Customs Broker License Revocation as Direct Fraud Involvement Not Proven
Latest Custom Duty News
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Custom duty is an indirect tax which is applicable on goods which are imported into India and a few goods which are exported out of India. Globally, countries levy custom duties over import and export of goods for raising revenue and also for shielding their domestic companies from competitors from several other countries. Custom duty in India is imposed on almost universally all the goods which are imported into India. Export duties are imposed on few goods as provided under Second Schedule. These duties are not imposed on few items such as lifesaving drugs or equipment, food grains, fertilizers etc. Import duties are divided into basic duty, true countervailing duty, additional customs duty, protective duty, anti-dumping duty and education cess.
Customs duty in India is imposed according to the value of the goods or their weight, dimension and other various criteria as per the goods. Where the duties are based on goods value, then the custom duties are known as ad valorem duties, and where the duty is based on quantity or weight, the duties are known as specific duties.
Customs Act, 1962 empowers the government of India for levying customs duty, prohibiting import and export of goods, framing policies for exporting and importing and penalties, offences etc. All the matters which are related to custom duty comes under the CBEC (Central Board of Excise & Customs). The Central Board of Excise & Customs also formulates policies with respect to custom duty rate, smuggling prevention and administrative decisions that are related to customs formations.
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